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Two Tenant NNN Lease Investment Sale Offering 51 N Union St 3,940 SF 100% Leased Retail Building Star, ID 83669 $4,449,716 CAD ($1,129.37 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-year leases, New construction — 2024
- Strong brand recognition
- Predicted 3-year growth rate of 45% in Star, Idaho
- Minimal landlord responsibilities, functions as a single tenant property with common ownership with a single point of contact for lease administration
- High exposure and easy access, Primary East/West corridor through the trade area
- Rent roll available upon completion of confidentiality agreement
EXECUTIVE SUMMARY
Prime location on Hwy 44 and N. Union Street in Star, Idaho, with high exposure and easy access as a primary East/West corridor through the city. This two Tenant, NNN Lease investment has a predicted 3-year growth rate of 45%. New construction (2024) and 10-year leases with minimal landlord responsibilities.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
3,940 SF
Year Built
2024
Price
$4,449,716 CAD
Price Per SF
$1,129.37 CAD
Cap Rate
6%
NOI
$266,930 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.18 AC
Zoning
R-4
NEARBY MAJOR RETAILERS
1 of 10
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Two Tenant NNN Lease Investment Sale Offering | 51 N Union St
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